SpaceX (NASDAQ:SPCX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of SpaceX (NASDAQ:SPCX) have received an average recommendation of “Moderate Buy” from the forty research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $229.00.

A number of research analysts have recently issued reports on SPCX shares. JPMorgan Chase & Co. began coverage on SpaceX in a report on Tuesday, July 7th. They set an “overweight” rating and a $225.00 price target on the stock. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research report on Tuesday, July 28th. Phillip Securities upgraded shares of SpaceX to a “strong sell” rating in a research note on Friday, July 31st. William Blair reiterated an “outperform” rating on shares of SpaceX in a research note on Friday, July 31st. Finally, Citigroup cut shares of SpaceX from a “buy” rating to a “sell” rating in a report on Friday, August 7th.

Institutional Investors Weigh In On SpaceX

A number of hedge funds have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at $29,000. Marquette Asset Management LLC purchased a new stake in SpaceX during the second quarter valued at $32,000. Burkett Financial Services LLC purchased a new stake in SpaceX during the second quarter valued at $70,000. Contravisory Investment Management Inc. bought a new position in SpaceX in the second quarter valued at about $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in SpaceX in the second quarter worth about $89,000.

SpaceX Stock Up 9.7%

NASDAQ:SPCX opened at $146.27 on Thursday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market capitalization of $1.91 trillion and a PE ratio of -1,625.22. The firm’s 50 day moving average price is $143.08. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that SpaceX will post -0.15 earnings per share for the current year.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk told employees that SpaceX’s AI revenue could exceed revenue from its other businesses as soon as September. He also suggested AI could eventually generate as much as $500 billion annually, although the projections remain highly ambitious. Elon Musk Says AI Revenue Will Eclipse the Rest of SpaceX by September
• Positive Sentiment: SpaceX unveiled Grok 4.6 and is reportedly integrating Grok with its broader AI strategy, including Cursor and internal company data. Morgan Stanley argued that investors may be undervaluing this higher-margin opportunity and maintained a bullish long-term view. Morgan Stanley Warns Investors Underestimating SpaceX’s AI Unit
• Positive Sentiment: Starlink passed 13 million consumer subscribers and 22 million monthly Starlink Mobile users, while a successful Falcon 9 launch deployed 24 additional Starlink satellites. These milestones support the company’s recurring connectivity revenue and operating scale. SpaceX Stock Surges Past IPO Price
• Positive Sentiment: Norway’s sovereign wealth fund disclosed a reported $1.2 billion SpaceX stake, providing a notable institutional-validation signal. Short interest also declined sharply, potentially reducing near-term selling pressure from bearish traders. SpaceX Short Sellers Are Running Out of Bullets
• Neutral Sentiment: SpaceX’s reported second-quarter revenue rose 91.9% year over year to $7.81 billion, and earnings exceeded analyst expectations. However, investors are increasingly valuing the company on future AI and infrastructure growth rather than current profitability.
• Negative Sentiment: The AI expansion, Starship development, orbital infrastructure and data-center power needs require substantial capital. Analysts caution that Musk’s revenue forecasts face significant execution risk, while the stock’s elevated valuation leaves little room for disappointment. SpaceX’s Starship Push Comes With a Rising Capital Bill
• Negative Sentiment: A further insider share unlock expected on August 21 could introduce as much as $42.5 billion of potential selling pressure, creating an ongoing overhang despite the stock’s resilience through the initial lockup expiration. SpaceX’s Second Insider Share Unlock

SpaceX Company Profile

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.